ENI (NYSE:E) Rating Lowered to Hold at StockNews.com

ENI (NYSE:E) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Separately, Berenberg Bank cut shares of ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

ENI Trading Up 1.2 %

Shares of NYSE E opened at $33.19 on Monday. ENI has a 1-year low of $26.50 and a 1-year high of $34.30. The company has a market cap of $56.02 billion, a PE ratio of 10.99, a P/E/G ratio of 1.11 and a beta of 1.01. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $31.85 and a two-hundred day moving average of $32.27.

ENI (NYSE:E) last announced its earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). ENI had a return on equity of 14.91% and a net margin of 5.00%. The company had revenue of $26.95 billion during the quarter, compared to the consensus estimate of $19.86 billion. As a group, equities analysts expect that ENI will post 4.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ENI

Large investors have recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of ENI in the 3rd quarter valued at approximately $27,000. JFS Wealth Advisors LLC boosted its stake in shares of ENI by 102.5% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after purchasing an additional 669 shares in the last quarter. Allworth Financial LP boosted its stake in shares of ENI by 61.6% in the 3rd quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock valued at $58,000 after purchasing an additional 687 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of ENI in the 1st quarter valued at approximately $74,000. Finally, Planned Solutions Inc. acquired a new stake in shares of ENI in the 4th quarter valued at approximately $84,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.